Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (43208)	12/13/2003 8:28:52 PM
From: elmatador	Read Replies (1) of 74559

Energy crisis and public service. The market economy have always had a communist niche. Water, sewage, telecoms, education and health. See: Message 19471047 <<It made sense to have state control over limited economic resources and enforce them>> It doesn't make sense anymore to have a communist niche in the developed world. There's excess capital and the private sector can take care of that. But governments are used to the vote-buying power to leverage -and make use of- those niche sectors. Governments need also to expand niches encroaching into other potential sectors aiming to control a big electoral corral. This can be seen on protectionist measures on selected sectors: orange growers in Florida, Angora goat farmers in Montana and steel industry in Pittsburg. The energy sector was used -and very happy with- to the regulatory environment. Once de-regulation was tried, the system reacted by sabotaging the efforts to de-regulate it. The world is very predictable, simple and easy to understand.

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